Brookdale Senior Living has agreed to sell its trophy community in New York City at a record price to Ventas, but will keep the management. Anyone who heard former Brookdale Senior Living CEO Mark Schulte address the ASHA annual meeting in the aftermath of 9/11 will never forget it. He talked about their newest project […]
Columbia Pacific Advisors just received about $115 million in financing for its to-be-built senior living high-rise in Seattle’s First Hill neighborhood. David Fasano, Sarah Anderson, Casey Davison, Ryan Maconachy and Chad Lavender of Holliday Fenoglio Fowler (HFF) represented CPA in the transaction, with HCP, Inc. providing the loan. Location is key for this development, as […]
Having just handled the sale of a 140-bed post-acute care facility in the Austin, Texas area, HFF’s David Fasano, Ryan Maconachy and Chad Lavender represented a different owner in the sale of its 144-bed skilled nursing facility near San Antonio’s Medical Center district. Built in 2008, the facility was owned by Kayne Anderson Real Estate […]
The team at HFF, including David Fasano, Ryan Maconachy and Chad Lavender, represented Meridian Realty Advisors in their sale of a 140-bed post-acute care facility in Bee Cave, Texas (Austin MSA). Built in 2013, which makes the property new among other post-acute care facilities, the facility was the only one of its kind in a […]
LCS is selling its 232-unit senior living community in Hoover, Alabama, almost exactly three years after acquiring it in a joint venture with Walton Street Capital. LCS still left its mark at the community, converting 24 assisted living units to memory care in 2015. Built in 2009, the community currently features 160 independent living, 48 […]
While it was not exactly a repeat of 2015, it came pretty close. This year we had only 13 brokerage companies reporting their numbers, with a few active brokers deciding to take a pass this year for a variety of reasons. But they would not have taken the top spots, so no worries on that […]
An assisted living/memory care community with plenty of southern charm in Tallahassee, Florida recently changed hands, with the help of Ryan Maconachy, Chad Lavender and Dave Fasano of HFF. The community was built in 1998, with additions in 2009 and 2012, and currently features 105 beds in 100 units. Occupancy was around 95%. Rents could […]
We wrote earlier this week of Watercrest Senior Living Group’s latest development activity, with more than $80 million in its immediate pipeline across the state of Florida. Its largest project, a 128-unit senior living community in Port St. Lucie set to open in the fall of 2017, recently received construction financing with the help of […]
Holliday Fenoglio Fowler, L.P. (HFF) closed one of the most expensive seniors housing transactions ever (on a per-unit basis), with its sale of two assisted living/memory care communities in the Northeast for $98.25 million, or almost $575,000 per unit. There were several factors that led to this near-record price. First was the location. One of […]
Following up on its $1.45 billion in total closings for 2015, HFF recently closed another sale. Representing the seller, a private San Diego-based owner/operator, Ryan Maconachy and Chad Lavender of HFF sold a 95-unit assisted living community (built in 1988) and an 84-unit memory care community (built in 1997 and 2006), both located in Pensacola, […]